Jordan is moving to lift its ban on cryptocurrency trading, with the government and the Jordan Securities Commission (JSC) confirming that a comprehensive digital asset regulatory framework will be ready before the end of the year. The move signals a major shift aimed at spurring investment and boosting the national economy.

This decision follows the cabinet’s October move to lift the previous ban on crypto trading, which—similar to restrictions in several other Arab nations—was driven by concerns over high risk and potential money laundering. According to Bitcoin.com News, residents who violated the prohibition previously faced hefty fines and possible imprisonment.

Read more: Unlicensed Crypto Activity in Jordan Could Soon Carry Jail Time

The new legislation is being developed by the JSC, which was tasked by the cabinet in January to create a clear legal and regulatory framework within one year. JSC Chairman Emad Abu Haltam said the new rules are designed to “provide a secure encrypted environment based on transparency and trust.” He added:

“These regulations will include a clear framework for licensing brokerage and trading, custody services, platform operation, and financial services for offering and issuing virtual assets, in accordance with standards based on strong technical readiness, governance, working capital, and compliance with anti-money laundering and counter-terrorism financing requirements.”

Confirmation that Jordan will begin regulating cryptocurrencies comes nearly a year after the cabinet approved an initiative to establish a regulatory framework. The draft Virtual Currency Trading Law of 2025 stipulates that only entities licensed by the JSC will be permitted to conduct virtual asset activities within the kingdom.

The law also empowers Jordanian authorities to shut down unlicensed entities while allowing the Central Bank of Jordan to authorize the use of virtual assets for payment purposes under specific regulations.

• Why is Jordan lifting its crypto ban? The government aims to spur investment and strengthen the national economy.
• What will the new rules cover? The JSC framework includes licensing for trading, custody, platforms, and financial services.
• What happens to unlicensed activity? Authorities can shut down unlicensed entities, with penalties for violations.
• Can crypto be used for payments? The Central Bank of Jordan may authorize virtual assets for payments under specific regulations.

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